ReAssure Pension Policy - Massive value decrease
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Hello, I have not been on here for a long time. My husband was supposed to retire in July 2022 but he is continuing working until we find our retirement home in france and move over. So he is not drawing any pension whatsoever till we move. He received his Reassure Pension Statement and we know its not much but it was worth £1999.74 August 2020 and now it has lost £588.90 due to charges and investment performance to £1410.84.
Should he invest it elsewhere ? He has a few small pensions with previous employers and we just want to leave them and forget about them until they are needed.
He is 66 works shifts 5 days a week and I am 55 (I am still working part time).
Thanks for reading.
Should he invest it elsewhere ? He has a few small pensions with previous employers and we just want to leave them and forget about them until they are needed.
He is 66 works shifts 5 days a week and I am 55 (I am still working part time).
Thanks for reading.
Mortgage Free 2016Work Part Time:DHouse Hunting In France 2023
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Should he invest it elsewhere ?
I would suggest that you start looking into the details of the pensions, and how they are invested, to try and avoid any more nasty shocks like the one you have detailed.
It is not the fault of Reassure or that particular fund.more a matter of bad luck with the timing. Perhaps the choice of long term gilts could be questioned with the benefit of hindsight but the severity of the events of the past year surprised many people.
Your Cash Fund should have been very little affected.